How do young people really feel about their financial futures?
Meet the winner of our Fall 2020 Investment Strategies Program!
Questrade Team Success Inc. of John Cabot Secondary School in Mississauga, Ontario was the overall winner of the national Investment Strategies Program (ISP) run by JA Canada. The team was generously sponsored by Questrade.
We're proud to announce that one of our sponsored teams, Questrade Team Success Inc., lead by grade 11 student Julian Kokhanovskyy, was named the winner of this fantastic investment competition.
The goal of the six-week initiative was to educate grade 9 – 12 students on investing basics and principles, so they can make sound financial decisions, and ultimately, achieve success in both work and life. The simulated online competition saw participation from 2,585 students from 114 classrooms in more than 60 schools in Central Ontario alone.
As an ongoing sponsor of JA Central Ontario, Questrade volunteers conducted virtual learning sessions with students to facilitate hands-on learning and activities. Each team, with a unique ‘company’ name, competed to build effective stock portfolios and trade with a mock $100,000 in real-time markets to build their skills during the contest. Questrade Team Success Inc., run by a single grade 11 student, Julian, ranked first in the national competition comprised of 2,049 teams with a winning total of $502,468.00 in equity.
In addition to the real-life experience and knowledge gained, the winning student received $1,000 towards a TFSA account from Questrade. Questrade presented the prize to the winner in a virtual presentation due to safety protocols, on December 15.
“Once again, we are grateful for Questrade’s support with this important program,” said Jennifer Holmes Weier, president & CEO, JA Central Ontario. “Together we are inspiring students to realize the power and importance of investing, as well as creating the next generation of expert investors.”
JA Central Ontario and Questrade will be running a Winter ISP competition, beginning in January 2021.
ABOUT JA CENTRAL ONTARIO
Through the delivery of hands-on, blended learning in entrepreneurship, financial literacy and work readiness, JA Central Ontario empowers young people to grow their entrepreneurial ideas, hone their work skills, manage their earnings, and secure better lives for themselves, their families, and their communities. Since 1968, schools in Central Ontario have relied on JA to prepare young people for success in an ever-changing global economy.
JA Central Ontario is a member of JA Canada and part of JA Worldwide, the world’s largest not-for-profit organization dedicated to educating young people about business.
Questrade is Canada’s fastest growing online brokerage that is changing the Canadian financial services industry by leveraging technology to lower fees while providing a viable alternative to traditional financial investment options, thereby allowing Canadians to Keep More of their Money.
Questrade is supporting JA Central Ontario teams as they take on this tough competition. The team provides support and helps students make the most of this unique experience.